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Stocks Making: Reversal New Highs Setup on
Rules (via 'Hit & Run Trading II'):
As always, the stock should be priced at more than $30 per share. The higher the price, the better
Today the stock must do all of the following:
For the buy: tomorrow only, buy 5 cents above today's high and risk 1 point.
Use a trailing stop and stay in the position until you are stopped out. This can be as short as a few hours to as long as a few days.
- It must trade under yesterday's low.
- It must then trade above yesterday's high (in other words, form an outside day).
- Today's range must be the largest range of the past five days, and today the stock must make a new 60-day high.
-
Related Scans:
Bullish
Swing Setup
Or combine this in a:
Combo Scan
or a
Back-To-Back Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
PAT | D | 0.050 | 19.05 | 1,887,863 | 7.03 | |
LKE | C | 0.052 | 8.33 | 19,400,699 | 3.52 | |
COE | C | 0.215 | 4.88 | 7,487,362 | 2.29 | |
APX | A | 2.330 | 7.37 | 13,074,906 | 0.91 | |
TER | C | 0.215 | 2.38 | 2,238,910 | 0.87 | |
CAY | A | 0.115 | 4.55 | 519,421 | 0.38 | |
NAM | A | 0.780 | 1.30 | 165,210 | 0.27 | |
TRM | C | 0.078 | 8.33 | 21,221 | 0.20 |
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